{"id":197562,"date":"2018-07-16T19:48:12","date_gmt":"2018-07-16T22:48:12","guid":{"rendered":"https:\/\/anba.com.br\/?p=197562"},"modified":"2019-06-30T12:41:13","modified_gmt":"2019-06-30T15:41:13","slug":"imf-brazil-growth-forecast-eases","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/imf-brazil-growth-forecast-eases\/","title":{"rendered":"IMF growth forecast for Brazil eases"},"content":{"rendered":"<p>Bras\u00edlia \u2013 The International Monetary Fund (IMF) changed down its Brazilian economic growth forecast for this year from 2.3% to 1.8%. The new projection is in the latest version of the Fund\u2019s World Economic Outlook report made public this Monday (16). In 2019, the IMF sees Brazil\u2019s Gross Domestic Product (GDP) widening by 2.5%, the same as in the previous report.<\/p>\n<p>The IMF report cites political uncertainty and protracted effects from the trucker strike in late May and early June as drivers of the weaker GDP growth expectation. Brazil\u2019s currency, the real, slid by over 10% as a result of the political climate and a weaker-than-expected economic recovery.<\/p>\n<p>The IMF\u2019s global growth forecast remains at 3.9% this year, but Latin America and the Caribbean are now seen growing by 1.6%, down from a prior 2%. The 2019 forecast eased from 2.8% to 2;6%.<\/p>\n<p>The Fund\u2019s estimate regarding Brazil is sunnier than the Brazilian Central Bank\u2019s and that of Brazilian financial market players. In its latest Inflation Report, released in late June, the monetary authority had revised down its 2018 GDP growth forecast from 2.6% to 1.6%.<\/p>\n<p>In the Bank\u2019s latest issue of the weekly Focus Bulletin, containing the results of a poll of market analysts, expected growth had dropped from 1.53% to 1.5%.<\/p>\n<p><strong>Translated by Gabriel Pomerancblum<\/strong><\/p>\n<div class=\"credits-overlay\" data-target=\".wp-image-197559\">Mandel Ngan\/AFP<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The International Monetary Fund issued a report this Monday (16) with a revised 2018 Brazilian economic growth forecast, down from 2.3% to 1.8%.<\/p>\n","protected":false},"author":2315,"featured_media":197559,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[232,1803,553,1988,3820,12924],"class_list":{"0":"post-197562","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-brazil","9":"tag-central-bank","10":"tag-gdp","11":"tag-imf","12":"tag-macroeconomy","13":"tag-pib-ar"},"wps_subtitle":"The International Monetary Fund issued a report this Monday (16) with a revised 2018 Brazilian economic growth forecast, down from 2.3% to 1.8%.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/197562","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2315"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=197562"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/197562\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/197559"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=197562"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=197562"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=197562"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}